Scopus BioPharma Announces New Date for 2021 Annual Meeting of Stockholders

Rhea-AI Summary

Scopus BioPharma (Nasdaq: SCPS) announced the rescheduling of its 2021 Annual Meeting of Stockholders to October 8, 2021. To propose business or director nominations, stockholders must notify the company by June 10, 2021, with proposals for inclusion in the proxy statement due by June 25, 2021. The meeting will address the company's lead drug candidate, a novel targeted immuno-oncology RNA therapy for cancer treatment. Stockholders can obtain proxy materials free from the SEC or the company's website.

Positive

• Rescheduled 2021 Annual Meeting may provide stakeholders with updated strategic direction.
• The company is advancing a unique immuno-oncology RNA therapy targeting multiple cancers.

Negative

• The timing of the annual meeting and proposal deadlines may reflect ongoing operational uncertainties.

NEW YORK, May 31, 2021 (GLOBE NEWSWIRE) -- Scopus BioPharma Inc. (Nasdaq: “SCPS”) today announced that the board of directors has rescheduled the company’s 2021 Annual Meeting of Stockholders (“2021 Annual Meeting”), which will be held on October 8, 2021.

Pursuant to the company’s By-laws, in order for stockholder proposals of business and director nominations (including director nominations under the company’s proxy access by-law) to be presented at the 2021 Annual Meeting (other than by means of inclusion in the company’s proxy materials under Rule 14a-8 as described below), notice must delivered to our secretary at the company’s principal executive offices (420 Lexington Avenue, Suite 1402, New York, New York 10170) no later than June 10, 2021, which is 10 days after public disclosure of the date of the 2021 Annual Meeting. In addition, stockholder proposals intended for inclusion in the company’s proxy statement for the 2021 Annual Meeting pursuant to Rule 14a-8 under the Securities Exchange Act of 1934, as amended, must be delivered to the secretary at the company’s principal executive offices (at the address provided above) no later than June 25, 2021 (which the company believes is a reasonable time before the company begins to print and send its proxy materials).

About Scopus BioPharma

Scopus BioPharma Inc. is a biopharmaceutical company developing transformational therapeutics capitalizing on groundbreaking scientific and medical discoveries from leading research and academic institutions. The company’s lead drug candidate is a novel, targeted immuno-oncology RNA therapy for the treatment of multiple cancers. This drug candidate is highly distinctive, encompassing both RNA therapy and immunotherapy by synthetically linking siRNA to an oligonucleotide TLR9 agonist, creating the potential for targeted gene silencing with simultaneous TLR stimulation and immune activation in the tumor microenvironment. The company is also developing additional new chemical entities to treat other serious diseases with significant unmet medical needs, including systemic sclerosis.   Receive updates by following Scopus BioPharma on Twitter here.

Forward-Looking Statements

This press release may include forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks (including those set forth in the company’s Form 10-K for the fiscal year ended December 31, 2020, as amended, filed with the U.S. Securities and Exchange Commission (“SEC”)) and uncertainties which could cause actual results to differ from the forward-looking statements. The company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. Investors should realize that if our underlying assumptions for the projections contained herein prove inaccurate or that known or unknown risks or uncertainties materialize, actual results could vary materially from our expectations and projections.

Important Additional Information and Where to Find It

Scopus Biopharma Inc. plans to file a proxy statement (the “Proxy Statement”) with the SEC in connection with the solicitation of proxies for the 2021 Annual Meeting, together with a WHITE proxy card. STOCKHOLDERS ARE URGED TO READ THE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS THAT THE COMPANY WILL FILE WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.

Stockholders will be able to obtain, free of charge, copies of the Proxy Statement, any amendments or supplements thereto and any other documents (including the WHITE proxy card) when filed by the company with the SEC in connection with the 2021 Annual Meeting at the SEC’s website (https://www.sec.gov), at the company’s website (https://scopusbiopharma.com) or by contacting the company’s proxy solicitor, Morrow Sodali, at (203) 658-9400 or, by e-mail, at SCPS@investor.morrowsodali.com.

Participants in the Solicitation

The company, its directors and certain of its executive officers and other employees may be deemed to be participants in the solicitation of proxies from stockholders in connection with the 2021 Annual Meeting. Additional information regarding the identity of these potential participants, none of whom (other than Ira Scott Greenspan, Joshua R. Lamstein, Paul E. Hopper, Ashish P. Sanghrajka and Robert J. Gibson) owns in excess of one percent (1%) of the company’s voting shares, and their direct or indirect interests, by security holdings or otherwise, will be set forth in the Proxy Statement and other materials to be filed with the SEC in connection with the 2021 Annual Meeting. Information relating to the foregoing can also be found in the company’s Form 10-K/A, filed with the SEC on April 29, 2021. To the extent holdings of the company’s securities by such potential participants (or the identity of such participants) have changed since the information printed in the Form 10-K/A, such information has been or will be reflected on Statements of Change in Ownership on Forms 3 and 4 filed with the SEC. You may obtain free copies of these documents using the sources indicated above.

Contacts

Rodd Leeds/David Waldman
Crescendo Communications, LLC
Tel: (212) 671-1020
Email: SCPS@crescendo-ir.com

Hugh Burns/Delia Cannan/Nicholas Leasure
Reevemark
Tel: (212) 433-4600
Email: scopus@reevemark.com

Stockholder Contact

Mike Verrechia/Bill Dooley
Morrow Sodali, LLC
Tel: (203) 658-9400
Email: SCPS@investor.morrowsodali.com

FAQ

When is Scopus BioPharma's 2021 Annual Meeting scheduled?

The 2021 Annual Meeting is scheduled for October 8, 2021.

What are the deadlines for stockholder proposals for the 2021 Annual Meeting of Scopus BioPharma?

Stockholder proposals must be delivered by June 10, 2021, and proposals for inclusion in the proxy statement by June 25, 2021.

What is the primary focus of Scopus BioPharma's lead drug candidate?

The lead drug candidate is a novel targeted immuno-oncology RNA therapy for the treatment of multiple cancers.

How can stockholders access Scopus BioPharma's proxy materials?

Stockholders can access proxy materials free of charge on the SEC website or the company's website.